Creator Ndubuisi 'Andy' Egwim recounts personal investing mistakes—relying on too few accounts and using a non–tax-efficient account that cost him thousands in taxes—and intends to explain which tax-efficient accounts viewers should use to avoid similar losses.
I mean, I used to rely on just one or two accounts, which left me stressed. I was overwhelmed and on one occasion I paid thousands in unnecessary taxes. I invested through the wrong account. I mean, it was the account most people were using, but it wasn't the most tax efficient account. I made a profit, but then I had to hand a chunk of it back to the government as taxes. If I had used one of the tax efficient accounts I'm about to share with you in this video, I could have kept all my money. I.
